Detroit, MI Rental Market Trends
What is the average rent in Detroit?
The average rent for an apartment in Detroit is $1,166. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Detroit, MI
| Average Rent | Average Apartment Size |
|---|---|
| $1,166 | 797 sq. ft. |
What is the average apartment size in Detroit?
The average size for a Detroit, MI apartment is 797 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Detroit, MI Apartment Rent Ranges
Detroit, MI Occupied Housing Units
129,684 or 47% of the households in Detroit, MI are renter-occupied while 140,762 or 52% are owner-occupied.
Detroit, MI Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Detroit, MI | $1,046 | $1,063 | $1,075 | $1,075 | $1,065 | $1,069 | $1,102 | $1,115 | $1,143 | $1,154 | $1,166 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Detroit, MI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Detroit | $1,622 |
| Jeffries | $1,431 |
| Lower Woodward | $1,351 |
| Lower East Central | $1,254 |
| Middle East Central | $1,250 |
| Belle Isle | $1,229 |
| Butzel - Indian Village | $1,229 |
| Kettering | $1,227 |
| Middle Woodward | $1,207 |
| Harper Woods | $1,192 |
| Rosa Parks | $1,164 |
| St. Jean | $1,149 |
| East Riverside | $1,132 |
| Foch | $1,132 |
| Hamtramck | $1,111 |
| Upper East Central | $1,111 |
| Chandler Park | $1,045 |
| Jefferson - Mack | $1,045 |
| Palmer Park | $902 |
| McNichols | $879 |
| Highland Park | $864 |
| Bagley | $845 |
| Pembroke | $845 |
| Cody | $830 |
| Rouge | $830 |
| Harmony Village | $813 |
| Brooks | $806 |
| Mackenzie | $795 |
| Greenfield | $795 |
| Cerveny - Grandmont | $786 |
| Springwells | $780 |
| West Riverfront | $780 |
| Redford | $773 |
| Evergreen | $759 |
| State Fair - Nolan | $743 |
| Rosedale | $731 |
| Durfee | $727 |
| Airport | $712 |
| Winterhalter | $706 |
| Brightmoor | $681 |
| Vernor - Junction | $634 |
| Grant | $632 |
| Mt. Olivet | $632 |
| Pershing | $632 |
| Chadsey | $515 |
| Condon | $515 |
| Tireman | $515 |
What are the most affordable neighborhoods in Detroit?
The most affordable neighborhoods in Detroit are Chadsey, where the average rent goes for $515/month, Condon, where renters pay $515/mo on average, and Tireman, where the average rent goes for $515/mo. If you’re looking for other great deals, check out the listings from Grant ($632), Mt. Olivet ($632), and Pershing ($632), where the asking prices are below the average Detroit rent of $1,166/mo.
What are the most expensive neighborhoods in Detroit?
The most expensive neighborhoods in Detroit are Lower Woodward ($1,351), Jeffries ($1,431) and Downtown Detroit ($1,622).
What are the most popular neighborhoods in Detroit?
The most popular neighborhood in Detroit is Downtown Detroit, where there are 19 verified RentCafe listings with an average rent of $1,622. Next up is Lower Woodward, where apartments go for $1,351/month, followed by Lower East Central with $1,254 If you’re looking to rent in Detroit’s most popular neighborhoods, make sure to also check out Middle Woodward, where renters pay $1,207 on average, and Vernor - Junction, where the average monthly rent is $634.
Detroit | Rent Comparison by Neighborhood
Rent in Airport is 16% lower than in Bagley
Airport rent is 39% lower than Detroit average
| Average Rent | $712 |
|---|
Bagley rent is 28% lower than Detroit average
| Average Rent | $845 |
|---|
How Detroit Compares to Other Cities
| City | Average Rent |
|---|---|
| Detroit | $1,166 |
| Grand Rapids | $1,324 |
| East Lansing | $1,429 |
| Lansing | $990 |
| Ann Arbor | $1,789 |
| Southfield | $1,201 |
| Kalamazoo | $1,144 |
| Farmington Hills | $1,337 |
| Pontiac | $975 |
| Owosso | $738 |
| Canton | $1,361 |
| Novi | $1,487 |
| Royal Oak | $1,304 |
| Sterling Heights | $1,104 |
| Westland | $1,029 |
| Ypsilanti | $1,336 |
| Troy | $1,465 |
| Warren | $921 |
| Ferndale | $1,866 |
| Madison Heights | $1,014 |
| Auburn Hills | $1,344 |
Most Popular Apartments in Detroit
1525 Broadway
1525 Broadway St., Detroit, MI 48226- 1 BED
- 2 BEDS
- 3 BEDS
- Ask for pricing
- $3,200
- $3,600